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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Post by HuberPeteron Mar 22, 2021 3:52am
237 Views
Post# 32848569

simsalabim

simsalabim Steinert, Tomra and X-ray convert 1 g/t to 100 g/t  Au almost without dilution through all size fractions.
https://www.novoresources.com/news-media/news/display/index.php?content_id=380

Looking forward for the karratha assays later this year. because of the size of nuggets results could be similar to Egina.
https://www.novoresources.com/news-media/news/display/index.php?content_id=419

Could be a gamechanger especial for karratha where the transport to nullagine should be profitable. At egina - what i know - novo takes another approach for processing.
Much work to do. Alone licensing mining for large bulk samples will take about 2 years. Many challenges: grade consistency over greater terrace, water, aboriginals, permitting and so on.
 
Peter
 
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